CBD announces the launch of the UAE’s first digital-only bank
The Commercial Bank of Dubai revealed its plan to unveil “CBD NOW” which will be the nation’s first digital-only bank…
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Qatar Wealth Fund buys St Regis SF for $175m
The Qatar Investment Authority (QIA) has bought the St. Regis in San Francisco for $175 million, and will continue to…
Investors’ attitudes differ depending on nationalities
New research has uncovered large differences between the understanding, attitudes and engagement of investors with different nationalities. The report,…
Barclays named best Overall GCC Private Bank
Barclays was named Best Overall GCC Private Bank at the WealthBriefing GCC Region Awards 2016, further emphasizing the bank’s continuous…
QFC sucessfully concludes asia roadshow in Japan
Senior representation from Qatar Financial Centre Authority, Manateq and the Supreme Committee for Delivery & Legacy successfully concluded panel discussions,…
Switzerland eyes AEOI with 21 countries
Switzerland, which has been working to end its years long practice of banking secrecy, on Thursday said it aimed to…
Global Banks Rein in Turkey Loans as Erdogan Roils Markets
Global lenders are staying away from Turkish syndicated loans. The number of lenders participating in syndicated-loan offerings has dropped…
UAE's RAKBANK arranges $15 million long term financing solution to Seylan Bank in Sri Lanka
RAKBANK has announced the arrangement of a five-year US$15 million long term loan facility to Seylan Bank, a financial institution…
More customers use EFTS
Bahrain’s Electronic Fund Transfer System that was launched on November 5 has shown remarkable results, in terms of the availability…
Saudi Arabia Boosts Wealth Fund With $27 Billion Injection
Saudi Arabia is boosting the firepower of its sovereign wealth fund to accelerate dealmaking and lessen the country’s dependence on…
International law firm UAE team with White & Case hire
Winston & Strawn has announced that Shibeer Ahmed has joined the firm as partner and head of banking and Islamic…
Islamic banks slowly embrace green finance – survey
Islamic banks are gradually embracing socially responsible finance, from renewable energy to microfinance efforts, helping unlock new funding sources for…